Weekly Market Trends Report 4.5.13

7/28/2019 Weekly Market Trends Report 4.5.13

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WEEKLY MARKET

TRENDS REPORT

April 5, 2013

Individual Reports on:Beef, Veal and Lamb

Oil and GrainsDairyPorkCanned Tomato

PoultrySeafoodBean, Rice, Coffee and Sugar

Processed Fruits and VegetablesProduce


2/10

Market Report provided by American Restaurant Association-www.AmericanRestaurantAssociation.com- 888-423-4411

Beef, Veal and Lamb ReportBeef, Veal & Lamb-Beef output last week declined .6% but was 1.1% larger than lastyear. Tight cattle supplies and lower beef production are likely to support boxed-beef

cutout prices this spring. The USDA is forecasting Q2 beef production to be 1.7% less

than '12. However, beef demand is being hampered by record high retail beef prices and

a financially strapped U.S. consumer. Forward beef sales last week were 7% below the

five-year average for the week. Grilling items such as the 0x1 strip and the top butt

usually see their prices rise by 16% and 11% respectively in April but this year'sprice increases may be less intense.

Market Trend Supplies Price vs. Last Year

Live Cattle (Steer) Increasing Good Higher

Ground Beef 81/19 Decreasing Good Higher

Ground Chuck Increasing Good Higher109 Export Rib (choice) Increasing Good Lower

109 Export Rib (prime) Decreasing Good Lower

112a Ribeye (choice) Decreasing Good Lower

112a Ribeye (prime) Decreasing Good Lower

116 Chuck (choice) Decreasing Good Higher120 Brisket (choice) Decreasing Good Lower

121c Outside Skirt (ch/sel.) Decreasing Good Lower

167a Knckle, Trimmed (choice) Increasing Good Higher

168 Inside Round (choice) Decreasing Good Lower

174 Short Loin (choice 0x1) Increasing Good Higher

174 Short Loin (prime 2x3) Increasing Good Lower

180 1x1 Strip (choice) Steady Good Higher

180 1x1 Strip (prime) Decreasing Good Lower

180 0x1 Strip (choice) Increasing Good Higher

184 Top Butt, boneless (choice) Decreasing Good Lower

184 Top Butt, boneless (prime) Decreasing Good Lower

185a Sirloin Flap (choice) Decreasing Good Higher

185c Loin, Tri-Tip (choice) Increasing Good Lower189a Tender (select, 5 lb & up) Decreasing Good Lower

189a Tender (choice, 5 lb &up) Decreasing Good Lower

189a Tender (prime, heavy) Decreasing Good Lower

193 Flank Steak (choice) Decreasing Good Lower

50% Trimmings Increasing Good Higher

65% Trimmings Increasing Good Lower

75% Trimmings Steady Good Lower

85% Trimmings Increasing Good Lower

90% Trimmings Increasing Good Higher


3/10


90% Imported Beef (frozen) Increasing Good Lower

Veal Rack (Hotel 7 rib) Steady Good Higher

Veal Top Round (cap off) Steady Good Higher

Oil and Grains Report

Oil & Grains- Mar 1st U.S. corn stocks were larger than expected according to the USDA but still the tightest forthe date since '04. The corn market could be supported in the coming weeks.


Soybeans Decreasing Good Higher

Crude Soybean Oil Decreasing Good Lower

Soymeal Decreasing Good Higher

Corn Decreasing Good Higher

Crude Corn Oil Steady Good Lower

Distillers Grain, Dry Increasing Good Higher

Crude Palm Oil Decreasing Good Lower

Hard Red Winter Wheat Decreasing Good HigherDark Northern Spring Wheat Decreasing Good Lower

High Fructose Corn Syrup Decreasing Good Higher

Durum Wheat Decreasing Good Lower


4/10


Dairy Report

Dairy- U.S. milk production usually increases during the spring and dairy product prices tend to decline. The USDAis calling for Q2 milk output to be .6% more than '12 which should encourage cheese and butter production. The CMEcheese markets are steady. Since '08, the average price move for cheese blocks over the next two weeks is 2.6% lower.The CME butter market is trading 2.9% below its winter peak due partly to high inventories. Still, strong global cheeseand butter prices are fueling U.S. exports which may support domestic dairy product prices this spring.


Cheese Barrels- CME Increasing Good Higher

Cheese 40 lb Blocks- CME Steady Good HigherAmerican Cheese Decreasing Good HigherCheddar Cheese Increasing Good HigherMozzarella Cheese Increasing Good HigherProvolone Cheese Increasing Good HigherParmesan Cheese Increasing Good HigherButter- One lb Solids Steady Good Higher

Nonfat Dry Milk Decreasing Good Higher

Whey, Dry Decreasing Good Higher

Class I Milk Base Steady Good Higher

Class II Cream (Heavy Cream) Decreasing Good Higher

Class III Milk- CME Increasing Good Higher

Class IV Milk- CME Increasing Good Higher


5/10


Pork Report

Pork- Pork output last week increased .4% and was 2.3% larger than '12. The Mar USDA hog and pigs inventorywas 1.5% larger than last year. The swine breeding herd was .2% bigger than '12 and rose from Dec by the largestamount for that time period since '07. This data suggests that pork production will trend above year ago levels as 2013progresses. The USDA is calling for U.S. pork output during Q2 to be .9% more than '12. This may temper any springprice increases for pork. The pork cutout value usually rises 3.8% in early-Apr.


Live Hogs Increasing Good Lower

Belly (bacon) Steady Good Higher

Spare Rib (4.25 & down) Increasing Good Lower

Ham (23-27 lb) Increasing Good Lower

Loin (bone-in) Increasing Good Lower

Baby Back Rib (1.75 & up) Increasing Good Lower

Tenderloin (1.25 lb) Decreasing Good Lower

Boston Butt, untrimmed 4-8 lb. Decreasing Good LowerPicnic, untrimmed Increasing Good LowerSS Picnic, smoker trim boxed Decreasing Good Lower42% Trimmings Decreasing Good Higher72% Trimmings Increasing Good Higher


6/10


Canned Tomato Report

Tomato Products, Canned- Farmers are likely to negotiate similar raw product costs in '13 versus last year forcanners. The canned tomato markets remain firm.

Poultry Report

Poultry- Chicken producer margins continue to improve. The ARA chicken cutout indexlast week was the highest for any week since '04 and feed costs are subsiding. Thesefactors are expected to keep chicken production rates above '12 levels during the

spring. The jumbo cut chicken wing market typically declines 8.7% over the next five

weeks. However, this year's seasonal price depreciation for wings may be greater due

to better output. The ARA chicken breast index has increased 16.8% so far this year.History suggests that chicken breast prices can still move 3.4% higher over the next

eight weeks. Still, due to greater chicken supplies anticipated in the coming months,

chicken breast market increases may be tempered.


Whole Chicken (2.5-3 lb-GA) Increasing Good HigherChicken Wings, Whole Decreasing Good Lower

Chicken Wings, J umbo Cut Decreasing Good Lower

Chicken Breast, Bone-In Steady Good Higher

Chicken Breast, Bnless Sknless Steady Good Higher

Chicken Tender (random) Steady Good Lower

Chicken Tender (sized) Steady Good Lower

Chicken Legs (whole) Decreasing Good Lower

Chicken Leg Quarters Steady Good Higher

Chicken Thighs, bone in Decreasing Good Lower

Market Trend Supplies Price vs. Last YearWhole Peeled Standard Steady Good Same

Diced, Fancy Steady Good SameKetchup, 33% Steady Good Same

Tomato Paste- Ind. Steady Good Same


7/10


Chicken Thighs, boneless Decreasing Good Lower

Large Eggs Increasing Good Higher

Medium Eggs Decreasing Good Higher

Whole Eggs- L iq Steady Good Higher

Egg Whites- L iq Steady Good Higher

Egg Yolks- Liq Steady Good Higher

Whole Turkey (8-16 lb) Steady Good Lower

Turkey Breast- Bnls/Sknls Decreasing Good Lower

Seafood Report

Seafood- Snow crab supplies are adequate and the snow crab markets are trending belowyear ago levels. The Alaskan Bering Sea snow crab quota for the '12/13 season is 91%

complete. The Newfoundland- Labrador snow crab season is due to get underway in the

coming months which typically brings a boost to supplies. Still, this year's

Newfoundland snow crab quota is just under 1% less than 2012 and the smallest in the

last four years. This may be somewhat supportive of snow crab prices this spring.


Salmon, Whole (10-12 lb) Steady Good Same

Catfish, Filets Steady Good Lower

Trout, Drn. (8-14 oz) Steady Good Higher

Shrimp (16-20 count) Decreasing Good Higher

Shrimp (61-70 count) Increasing Good Higher

Shrimp, Tiger (26-30 count) Increasing Good Higher

Snow Crab Legs (5-8 oz) Decreasing Good Lower

Snow Crab Legs (8 oz up) Steady Good Lower

Cod Tails, 3-7 oz. Frz. Steady Good Lower

Cod Loins, 3-12 oz. Frz. Steady Good Lower

Salmon Portions, 4-8 oz. Frz. Steady Good Lower


8/10


Bean, Rice, Coffee and Sugar Report


Pinto Beans Steady Good Lower

Black Beans Decreasing Good Lower

Rice, Long Grain Steady Good Higher

Coffee Beans Increasing Good Lower

Sugar Decreasing Good LowerHoney Steady Good Higher

Paper Product Report

Wood Pulp (paper) Market Trend Supplies Price vs. Last Year

NBSK- Paper napkin Steady Good Higher42 lb. L inerboard-corrugated box Increasing Good Higher

Plastic Resins (plastic, foam)PS-CHH-utensils, cups, to-go cont. Steady Good Higher

PP-HIGP-heavy grade utensils Decreasing Good Lower

PE-LLD-can liners, film, bags Steady Good Lower

Retail Price Change from Prior Month

Apr-11 Mar-11 Feb-11

Beef and Veal Increasing Increasing Increasing

Dairy Increasing Increasing IncreasingPork Decreasing Increasing Increasing

Chicken Increasing Decreasing Increasing

Fresh Fish and Seafood Increasing Increasing Increasing

Fresh Fruits and Vegetables Decreasing Increasing Increasing


9/10


Processed Fruits and Vegetables Report

Processed Fruits and Vegetables- February 28th frozen green bean inventories were 3% below the previousyear. Processed vegetable prices are expected to remain steady during the spring.

Canned 6/10 Market Trend Supplies Price vs. Last Year

Corn, Fancy Whole Kernel Steady Good HigherGreen Beans, Fancy 4 sv Steady Good HigherGreen Peas, Fancy 4 sv/blend Steady Good Higher

Frozen

Corn, Cob 96 count Steady Good HigherCorn, K ernel 12/2.5 lb. Steady Good HigherGreen Beans, Cut 12/2 lb. Steady Good HigherGreen Peas, 12/2.5 lb. Steady Good HigherPotatoes, FF Fancy, 6/5 lb. Steady Good Higher

Produce ReportProduce-The ID potato markets are historically depressed but potato demand is picking

up. History points to the ID potato (70 ct.) market being steady in the spring butmoving 23% higher during the summer. The iceberg lettuce markets have fallen sharply

in the last two weeks on building supplies from Huron, CA. Still, iceberg lettuce

prices usually firm in Apr when the crop begins to transition to Salinas CA. The

tomato markets are mixed. Favorable weather in Mexico and in FL are likely to improve

tomato crops. Mature green tomato prices usually trend lower during the spring.


10/10



Limes (150 count) Increasing Good Higher

Lemons (95 count) Increasing Good Lower

Lemons (200 count) Steady Good Lower

Honeydew (6 ct.) Decreasing Good Higher

Cantaloupe (15 count) Decreasing Good Lower

Blueberries (12 count) Increasing Good Higher

Strawberries (12 pints) Decreasing Good Lower

Avocados, Hass (48 count) Steady Good Higher

Bananas (40 lb)-Term. Decreasing Good LowerPineapple (7 ct.)- Term. Decreasing Good Lower

Idaho Potato (60 count) Increasing Good Lower

Idaho Potato (70 count) Steady Good Lower

Idaho Potato (70 count)-Term. Increasing Good Lower

Idaho Potato (90 count) Steady Good Lower

Idaho Potato #2 (6 oz. min.) Steady Good Lower

Processing Potato (100 lb) Steady Good Lower

Yellow Onions (50 lb) Increasing Good Higher

Yellow Onions (50 lb)-Term. Increasing Good Higher

Red Onions (25 lb)-Term. Increasing Good Higher

White Onions (50 lb)-Term. Increasing Good Higher

Tomatoes, (large- case) Steady Good Higher

Tomatoes, (5x6, 25 lb.)-Term. Decreasing Good Higher

Tomatoes, Vine Ripe, (4x5) Decreasing Good Higher

Roma Tomatoes (large- case) Increasing Good Higher

Roma Tomatoes (xlarge- case) Increasing Good Higher

Green Peppers (large- case) Increasing Good Higher

Red Peppers (large- 15 lb. cs.) Decreasing Good Lower

Iceberg Lettuce (24 count) Decreasing Good Higher

Iceberg Lettuce (24 cnt)-Term. Decreasing Good Higher

Produce Report (continued)

Leaf Lettuce (24 count) Decreasing Good Higher

Romaine Lettuce (24 count) Decreasing Good Higher

Mesculin Mix (3 lb)-Term. Increasing Good Lower

Broccoli (14 cnt.) Increasing Good Higher

Squash (case) Decreasing Good Higher

Zucchini (case) Increasing Good Higher

Green Beans (bushel) Increasing Good HigherSpinach, Flat 24s Decreasing Good Lower

Mushrooms (large), Term. Increasing Good Lower

Cucumbers, Bushel Decreasing Good Higher

Pickles (200-300 ct.)-Term. Increasing Good Higher

Asparagus (small) Steady Good Higher

Freight (CA to City Avg.) Increasing Good Lower

Weekly Market Trends Report 4.5.13

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